A senior researcher at Coinbase says that the signs of a long -term encryption market began to appear.
David Dung, Head of World Research at Coinbase, He says In a new analysis, the 200 -day moving average (MA) refers to Bitcoin (BTC) and Coinbase 50 (Coin50), which tracks the performance of the 50 largest digital assets by maximum market.
“With the continued growth of the role of Bitcoin as a” value store “, we believe that the comprehensive evaluation of the total market activity of Crypto will be necessary to better define bull and bear markets for the assets category, especially because we are likely to see an increasing behavior in its expanding sectors.
However, both BTC and Coin50 have recently been cut off from MAS for 200 days, which indicates long -term long -term trends in the total market. This is consistent with the decrease in the total number of encryption market, low investment capital financing for this area, and possible winter marks in the winter. ”
The analyst says if the encrypted bear market has been appointed, it may start the upscale reflection between July and September.
“Thus, we believe that these orders to take a defensive position on risk at the present time, although we still believe that encryption prices may be able to find a floor in the middle to mid 2q25-which leads to the creation of 3Q25 better.”
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